107.03
Governor shall submit budget and estimate of income.

The governor shall submit
to the general assembly, not later than four weeks after its organization, a
state budget containing a complete financial plan for the ensuing fiscal
biennium, excluding items of revenue and expenditure described in section
126.022 of the Revised Code.
However, in years of a new governor's inauguration, the budget shall be
submitted not later than the fifteenth day of March. In years of a new
governor's inauguration, only the new governor shall submit a budget to the
general assembly. In addition to other things required by law, the governor's
budget shall contain:

(A)
A general budget summary by function and agency
setting forth the proposed total expenses from each and all funds and the
anticipated resources for meeting such expenses; such resources to include any
available balances in the several funds at the beginning of the biennium and a
classification by totals of all revenue receipts estimated to accrue during the
biennium under existing law and proposed legislation.

(B)
A
detailed statement showing the amounts recommended to be appropriated from each
fund for each fiscal year of the biennium for current expenses, including, but
not limited to, personal services, supplies and materials, equipment, subsidies
and revenue distribution, merchandise for resale, transfers, and nonexpense
disbursements, obligations, interest on debt, and retirement of debt, and for
the biennium for capital outlay, to the respective departments, offices,
institutions, as defined in section
121.01 of the Revised Code, and
all other public purposes; and, in comparative form, the actual expenses by
source of funds during each fiscal year of the previous two bienniums for each
such purpose. No alterations shall be made in the requests for the legislative
and judicial branches of the state filed with the director of budget and
management under section
126.02 of the Revised Code. If
any amount of federal money is recommended to be appropriated or has been
expended for a purpose for which state money also is recommended to be
appropriated or has been expended, the amounts of federal money and state money
involved shall be separately identified.

(C)
A
detailed estimate of the revenue receipts in each fund from each source under
existing laws during each year of the biennium; and, in comparative form,
actual revenue receipts in each fund from each source for each year of the two
previous bienniums;

(D)
The estimated cash balance in each fund at the
beginning of the biennium covered by the budget; the estimated liabilities
outstanding against each such balance; and the estimated net balance remaining
and available for new appropriations;

(E)
A
detailed estimate of the additional revenue receipts in each fund from each
source under proposed legislation, if enacted, during each year of the
biennium;

(F)
A description of each tax expenditure; a detailed
estimate of the amount of revenues not available to the general revenue fund
under existing laws during each fiscal year of the biennium covered by the
budget due to the operation of each tax expenditure; and, in comparative form,
the amount of revenue not available to the general revenue fund during each
fiscal year of the immediately preceding biennium due to the operation of each
tax expenditure. The report prepared by the department of taxation pursuant to
section 5703.48 of the Revised Code
shall be submitted to the general assembly as an appendix to the governor's
budget. As used in this division, "tax expenditure" has the same meaning as in
section 5703.48 of the Revised
Code.

(G)
The most recent report
prepared by the tax expenditure review committee under division (F) of section
5703.95 of the Revised Code, which shall be submitted to the general assembly
as an appendix to the governor's budget.